Foreign Exchange Insights and Next Week
Next Week
March 13, 2015
Central Banks: Interest rate policy meetings are planned by the FOMC and in Japan, Switzerland, Norway, Iceland, Indonesia, Turkey, Chile and Colombia. Minutes from recent meetings will be published by the Bank of Japan, Bank of England, and Reserve Bank of Australia. The FOMC statement on Wednesday will be followed by a press conference with […] More
Central Bank Watch
The Central Bank of the Russian Federation Reduces Key Interest Rate to 14.0%
March 13, 2015
Following up on a 200-basis point rate cut at the start of February, Russian monetary officials cut the key central bank interest rate by a further 100 basis points. In response to last years ruble crisis that lifted inflation into double digits, the rate was raised four time between March and November by a total […] More
Central Bank Watch
Central Reserve Bank of Peru
March 13, 2015
Peru’s central bank interest rate was left unchanged at 3.25% for a second straight month. Four prior cuts, each of 25 basis points, were implemented in November 2013, July and September of last year, and January 2015. However, bank reserve requirements were reduced at the March 2015 meeting to 8.5% from 9.0%, matching the size […] More
New Overnight Developments Abroad - Daily Update
Stronger Dollar, Weaker Oil Price and a Russian Interest Rate Cut
March 13, 2015
The dollar advanced overnight by 0.9% against the kiwi, 0.6% relative to the Australian dollar, 0.5% versus the Swissie, 0.4% against the euro, loonie and sterling but just 0.1% vis-a-vis the Japanese yen. The yuan is unchanged. West Texas Intermediate oil dropped 0.8% to $46.69 per barrel. Governments by and large had been projected an […] More
